Banyan Gold (CVE:BYN) Trading Up 5% - Here's Why

Key Points

• Banyan Gold Corp. shares rose by 5% on Monday, reaching a trading price of C$0.42.
• The company's market cap is approximately C$138.53 million, and it has a negative PE ratio of -28.65.
• Banyan Gold focuses on exploration and development of gold and silver deposits across various projects in the Yukon Territory.

Banyan Gold Corp. (CVE:BYN - )'s share price was up 5% on Monday . The stock traded as high as C$0.42 and last traded at C$0.42. Approximately 156,872 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 441,901 shares. The stock had previously closed at C$0.40.

Banyan Gold Trading Up 5.0%

The firm has a market cap of C$138.53 million, a PE ratio of -28.65 and a beta of 1.59. The stock has a 50 day simple moving average of C$0.29 and a 200-day simple moving average of C$0.26.

Banyan Gold Company Profile

Banyan Gold Corp. engages in the exploration and development of precious metals. The company explores for gold and silver deposits. It holds 100% interest in the AurMac project that consists of 506 quartz mineral claims covering an area of approximately 9,230 hectares located in the Mayo Mining District, Yukon Territory; Hyland gold project comprises of 927 quartz mineral claims covering an area of totaling 18,620 hectares located in the Watson Lake Mining District, Yukon Territory; and Nitra gold project, which consists of 1,442 claims covering an area of approximately 296 square kilometers located in the Mayo Mining District, Yukon Territory.

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